calculate simple interest if,P=50,000rs,R=8p.c.p.a and T=4years
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Answered by
9
Answer:
simple interest = (P×R×T)/100
= (50000×8×4)/100
= 1600000/100
= ₹16000
Step-by-step explanation:
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Answered by
0
Solution!!
The concept of interest has to be used here. The principal, rate of interest and time is given in the question. We have to calculate the simple interest.
Principal (P) = Rs 50,000
Rate of interest (R) = 8%
Time (T) = 4 years
Interest = (P × R × T)/100
(Remember this formula when finding the interest)
Interest = (50,000 × 8 × 4)/100
Interest = 500 × 8 × 4
Interest = Rs 16,000
Hence, the simple interest is Rs 16,000.
The questioner may ask you to calculate the amount also. So, here's a formula for it.
Amount = Principal + Interest
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